"These changes will offer consumers protection from high interest rates, unfair business practices and a cycle of debt that many people have trouble getting out of," Family Services and Consumer Affairs Minister Gord Mackintosh said at the time.

The new rules also require lenders to be licensed and bonded. Cheque Stop, according to a government spokesperson, did not have a licence.

The stores that have closed are in the minority, said the spokesperson.

There are still 83 payday loan locations in Manitoba, representing 21 companies, said the spokesperson.